Preparing and revising the Construction Budget Sample Clauses

Preparing and revising the Construction Budget. The Construction Budget shall include a month‑by‑month schedule of expenditures to be incurred in connection with the Project and, if Manager determines that the expected cost of the Project will exceed the amount set forth in the approved schedule of expenditures, Manager shall give prompt, detailed, written notice to Owner of such excess costs to be incurred by Owner in that month and the reason why the expenditures are in excess of the estimated expenditures for that month. Except with respect to Manager’s right to approve certain Scope Changes Orders without Owner’s consent, neither the giving of notice by Manager to Owner of excess expenditures in any month nor the payment of such excess expenditures, shall act to amend or otherwise modify the Construction Budget unless such modification is expressly approved by Owner in writing;